Copper Technical Analysis, Trade Signals and Price Forecast

Copper Technical Analysis

COPPER Technical Analysis: Weekly Chart

Copper Technical Analysis

In the weekly charts, COPPER is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 3.6300 and the resistance level is at 4.1600

COPPER is trading in a downward channel until there is a trend reversal.

COPPER Technical Analysis: Daily Chart

Copper Technical Analysis

In the daily charts, COPPER is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in oversold zone which indicates extreme bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 3.6745 and the resistance level is at 3.8620

COPPER is trading in a downward channel until there is a trend reversal.

How to trade COPPER this week:

COPER is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 3.5000, TAKE PROFIT AT 3.1390, AND STOP-LOSS AT 3.7990

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